Founded in 1994, Document Systems is a provider of document solutions. The company, as stated on its website, offers a wide selection of best-in-class printers, multifunctional systems and applications for document management, as well as related services and consumables. In particular, Document Systems supplies products to Ricoh, Canon, Zebra Technologies, HP.Inc. The company also develops digital solutions for document management.
History
2021: Xerox bought Document Systems
In early June 2021, Xerox acquired Document Systems, a leading provider of document solutions. The financial terms of the transaction are not disclosed.
 | We are focused on strengthening the reach of our small and medium-sized business market in the United States through the combined capacity of our portfolio of solutions for small and medium-sized businesses and well-established local technology suppliers, "said Xerox Commercial Director Joan Collins Media. - As part of Xerox Business Solutions (XBS), Document Systems "document management expertise will help us improve customer service, productivity, and capacity growth for small and medium enterprises. |  |
According to a Xerox study on small and medium-sized businesses, there is a transition to automation, digitization and security, as appropriate solutions allow you to quickly cope with the consequences of the coronavirus pandemic. COVID-19 Researchers noted that in 2021, 85% more companies than ever before rely on communications technology, remote IT support, and hardware software and security support.
Document Systems will become part of Xerox Business Solutions, focused on North America, and will provide Xerox with business solutions designed to implement collaboration, communications, remote IT support, security, and automation.
By early June 2021, this is the third acquisition of Xerox in North America in the last year after the purchase of Groupe CT in May 2021 and Digitex in March 2020 to enter the markets of eastern and western Canada.[1]
Notes
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